HARRISBURG, Pa. (AP) _ Ollie's Bargain Outlet Holdings Inc. (OLLI) on Thursday reported fiscal first-quarter net income of $55.2 million.

The Harrisburg, Pennsylvania-based company said it had profit of 84 cents per share. Earnings, adjusted for non-recurring gains, came to 80 cents per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 66 cents per share.

The retailer posted revenue of $452.5 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $423.9 million.

Ollie's Bargain Outlet shares have fallen roughly 2% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $80.39, a decline of 11% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OLLI at https://www.zacks.com/ap/OLLI

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